EnPro Industries to Provide for FX Driven Loss on Euro-Denominated Engine Contract; Excluding the Provision, First Quarter Operating Income is in Line with First Quarter of 2014

Published on:21 Apr,2015
CHARLOTTE, N.C.--(BUSINESS WIRE)--

EnPro Industries, Inc. (NPO) announced today that its first quarter 2015 results will include a loss provision of $6.2 million as a result of the effect of foreign exchange rates on Fairbanks Morse Engine’s (FME) euro-denominated contract with Electricite de France (EDF). Under the multi-year contract, signed in May 2014 and valued at